A certificate of deposit earns 1% interest every three months. The interest is compounded.
What is the value of a $35,000 investment after 6 years?
$37,153.21
$39,438.88
$44,440.71
$56,295.30
A. 37,153.21
Answer:
108?
Step-by-step explanation:
Answer:
6
Step-by-step explanation:
Label them as variables
A, B, and C
Now try and list them
ABC
ACB
BAC
BCA
CAB
CBA
There should be 6
The more mathematical way is using factorials
So you would do 3! which is 3*2*1
This also gives you 6
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
Answer:
h(x) = -2|x+2| + 2
Step-by-step explanation:
let me know if you want an explanation :))